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The Latest Breaking News from Rachel Reeves

Prospect of breaking 50-year income tax taboo shows scale of Reeves’s challenge

The chancellor appears to believe voters will forgive a broken promise in return for meaningful investment

The Guardian - UK

University still pays off – even in lower-wage Britain

In the upcoming budget, Chancellor Rachel Reeves is expected to raise the minimum wage to £12.70 an hour: £26,416 annually for a full-time job. This means that the gap between salaries for minimum wage jobs and those for professional jobs that require a degree is shrinking fast.

The Conversation

Tax rises shouldn’t be taxing for Reeves

The Guardian - UK

From analysis to the latest developments in health,
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Stocks mixed and pound dips amid Budget tax hints

The FTSE 100 Index closed up 13.59 points at 9,714.96.

Evening Standard

Susanna Reid and Lorraine Kelly mock Rachel Reeves for 'bonkers' Downing Street Budget speech

Rachel Reeves put Britain on notice for higher taxes saying ‘we will all have to contribute’ to the country’s economic future in a speech on Tuesday

Evening Standard

Reeves wants to talk about the budget, but she’s taken a vow of white noise

Exclusive: It must be tough overseeing Schrödinger’s economy, fixing the foundations while also failing to fix them

The Guardian - UK

Tory MP warns that the full English breakfast is at risk under Labour

Mark Pritchard said that the government ‘would not be forgiven’ for removing the British staple from high street

The Independent UK

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Reeves puts country on notice for tax hikes as ‘each of us must do our bit’

In a pre-Budget speech, Rachel Reeves said: ‘If we are to build the future of Britain together, we will all have to contribute to that effort.’

Evening Standard

Three weeks till budget day – and now Rachel Reeves is ‘being honest’ about tax

The chancellor is levelling with us about the pain to come. Is there anyone outside Planet Rachel who couldn’t see that truth two years ago, asks Guardian columnist Marina Hyde

The Guardian - UK

Economists urge Reeves to make ‘difficult’ choices to boost market confidence

Experts said the Chancellor should prioritise bringing down Government borrowing costs.

The Independent UK

Tax rises and benefit cuts are on the horizon as Reeves prepares the UK for a bad-news budget

The UK chancellor, Rachel Reeves, has made it clear that taxes will go up, and more cuts to welfare spending are on the horizon. The moves will be deeply unpopular and controversial – but in an extraordinary press conference ahead of the UK budget on November 26, Reeves made it…

The Conversation

‘Wait and see’ if Reeves ups income tax but I will cut it in Scotland – Sarwar

The Scottish Labour leader said taxes set by the Scottish Government are ‘too high’.

Evening Standard

Reeves aims to prepare voters and markets for possible budget tax rises

Speech attempts to take back narrative with talk of ‘years of economic mismanagement’, Brexit and tariffs

The Guardian - UK

Government has given up trying to ‘live within its means’, claims Badenoch

The Tory leader accused Labour of being ‘hypocritical’ for asking the public ‘to tighten their belts’.

Evening Standard

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The Independent UK

Kemi Badenoch brands Rachel Reeves’ pre-Budget speech ‘one long waffle bomb’

Tory leader accused Labour of being ‘hypocritical’ for asking the public ‘to tighten their belts’

The Independent UK

Oil and gas windfall tax must be replaced, say offshore and renewables groups

Offshore Energies UK and Scottish Renewables have written a joint letter to Chancellor Rachel Reeves and Energy Secretary Ed Miliband.

The Independent UK

Former minister issues extraordinary apology for trusting Israel over killing of Palestine’s ‘angel of mercy’

Exclusive: Alistair Burt admits he ‘should have been more bold’ in calling out Israel over the death of a 21-year-old paramedic, who was shot dead near the Israel-Gaza border while rushing to treat a wounded man

The Independent UK

Voices: Income tax rises or fairer reforms? Join The Independent Debate on the Budget choices facing Rachel Reeves

THE INDEPENDENT DEBATE: As Rachel Reeves prepares her first Budget and warns of ‘painful decisions’ ahead, debate is growing over whether she should raise taxes to fix the public finances or find fairer, alternative ways to boost revenue. Now it’s time to have your say...

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Evening Standard

UK government bonds rally but pound falls further after Reeves speech

The Chancellor refused to rule out tax hikes and said the upcoming Budget will focus on lowering inflation.

The Independent UK

Budget: Pound plummets after Reeves hints at tax rises – but government bonds rally

The chancellor refused to rule out tax hikes and said the upcoming Budget will focus on lowering inflation

The Independent UK

Budget 2025: Rachel Reeves signals tax rises and warns ‘each of us must do our bit’

Chancellor warns ‘we will all have to contribute’ to fixing Britain’s public finances

Evening Standard

Reeves prepares for tax rises in Budget as global and domestic pressures bite

The Chancellor suggested ‘we will all have to contribute’ to building a new future for Britain.

The Independent UK

Watch in full: Rachel Reeves makes major pre-Budget speech

Watch as Rachel Reeves set out her economic priorities in a pre-Budget speech on Tuesday (4 November).

The Guardian - UK

I hope Rachel Reeves does raise income tax – there’s a way she can do it fairly

The chancellor might need to break manifesto pledges and a 50-year taboo, but she has a chance to steer UK finances back on track, says Ruth Curtice of the Resolution Foundation

The Guardian - UK

Reeves refuses to say she will stick to manifesto pledge on tax rises and insists she must face world ‘as it is’ – as it happened

Chancellor says she is focused on priorities for British people in pre-budget speech laying ground for expected tax rises

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